Content about Company Reorganization

February 27, 2014

As part of a restructuring, Sony Electronics announced plans to close 20 U.S. Sony stores, along with a total staff reduction of one-third by the end of the calendar year.

February 4, 2014

RadioShack Corp. will close about 500 stores within months as part of its ongoing restructuring, the Wall Street Journal reported.

January 30, 2014

As part of a restructuring Best Buy Canada will be consolidating sales departments and reducing management layers in Future Shop and Best Buy stores, resulting in the layoff of about 950 full-time employees across both Future Shop and Best Buy brands.

January 10, 2014

Former Barnes & Noble executive Jamie Iannone has been appointed president and CEO of Samsclub.com in a restructuring that integrates Sam’s Club’s online business into the Walmart’s Global eCommerce business unit based in California.

December 18, 2013

Office Depot has formed its executive committee and leadership team.

November 14, 2013

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors announced that Robert E. Grosskopf and Richard P. Edwards have been appointed co-presidents of the retail division.

October 10, 2013

Starbucks Coffee Co. is once again throwing itself into the middle of a national debate.

September 20, 2013

Rite Aid Corporation has selected AMTdirect’s real estate software solution to manage its portfolio of more than 5,800 locations.

September 10, 2013

Restructuring and investment firm Gordon Brothers Group has acquired oil and gas appraisal company Appraisal Systems, and will use the acquisition to propel the launch of GB Energy Partners.

June 27, 2013

Canadian home improvement retailer Rona Inc. is closing 11 non-profitable stores as part of a broader restructuring plan.

April 4, 2013

Whether you are a retail analyst or a casual observer, it can be all too easy to get lost in the negativity of recent store closings and retail bankruptcies.

October 29, 2012

eBay has eliminated approximately 325 jobs from its PayPal division. As a result, the company has announced a planned fourth quarter pretax restructuring charge of approximately $15 million related to staff reductions at the company's PayPal business unit.

October 24, 2012

Best Buy announced major changes to its leadership organization.

August 29, 2012

Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

August 29, 2012

Supervalu announced that it is restructuring its executive leadership team to ensure alignment around the company’s goals and to better drive and execute the company’s business turnaround.

July 6, 2012

Best Buy Co. is laying off about 650 employees from its Geek Squad division, according to a report by KARE 11.

May 29, 2012

Avenue Stores announced it has begun the process to close 96 stores over the next three months.

April 16, 2012

Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).

Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.

March 8, 2012

Belgian supermarket operator Delhaize Group said that its fourth quarter net profit dropped 48%, hurt by impairments resulting from its restructuring.

March 1, 2012

The Kroger Co. reported on Thursday that it posted a loss in the quarter ended Jan. 28, attributing the loss to costs associated with consolidating its pension plan for union workers.

February 24, 2012

J.C. Penney Co. swung to a loss of $87 million in the fourth-quarter, compared with a profit of $271 million in the year-ago period.

February 23, 2012

Sears Holdings Corp. reported a loss of $2.4 billion in the fourth quarter, compared with a profit of $374 million in the year-ago period.

January 5, 2012

The nation’s discounters and department store retailers turned in mixed results for December, with many chains citing unseasonably warm weather that sapped demand for cold-weather merchandise.

November 14, 2011

Lowe's Cos. reported that net income for the quarter ended Oct. 28 dropped 44% as store-closing charges undercut a slight uptick in quarterly sales.

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